FXNC FY 2006 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2006 Earnings

Reported March 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$38M	—	—	—	—
Op. Income	$9M	—	—	—	—
Gross Margin	58.6%	—	—	—	—
Net Margin	15.2%	—	—	—	—
EPS (Diluted)	$1.99	—	—	—	—
Free Cash Flow	$2M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$38M
Cost of Revenue	$16M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$598.0K
General & Administrative	$7M
SG&A Expenses	$8M
Other Expenses	$6M
Operating Expenses	$14M
Cost & Expenses	$30M
OPERATING INCOME	$9M
Interest Income	$33M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$38M
Cost of Revenue	$16M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$598.0K
General & Administrative	$7M
SG&A Expenses	$8M
Other Expenses	$6M
Operating Expenses	$14M
Cost & Expenses	$30M
OPERATING INCOME	$9M
Interest Income	$33M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$41.0K
Other Non-Cash Items	$148.0K
Change in Working Capital	-$883.0K
OPERATING CASH FLOW	$6M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$5M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$58M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	-$9M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$57M
NET CASH FROM FINANCING	$47M
FREE CASH FLOW	$2M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14M
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$484M
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$514M
TOTAL ASSETS	$528M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$435M
TOTAL CURRENT LIABILITIES	$435M
Long-Term Debt	$58M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$60M
TOTAL LIABILITIES	$495M
Common Stock	$4M
Additional Paid-In Capital	$1M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$33M
Minority Interest	$0
TOTAL EQUITY	$33M
TOTAL LIABILITIES & EQUITY	$528M
Total Debt	$58M
Net Debt	$46M